ONE YEAR
MASTER
PROGRAMS
COMPETITION AND MARKET REGULATION
ECONOMICS
ECONOMICS OF PUBLIC POLICY
FINANCE
HEALTH ECONOMICS AND POLICY
INTERNATIONAL TRADE, FINANCE AND DEVELOPMENT
MACROECONOMIC POLICY AND FINANCIAL MARKETS
The Barcelona Graduate School of Economics is an innovative institution that offers world-class, full time graduate programs taught by leading international scholars and practitioners in one of the world’s most dynamic cities.
The blending of theoretical and applied perspectives makes the Barcelona GSE masters an ideal stepping stone either for entry into competitive PhD programs or for
top jobs in Economics and related fields. Barcelona GSE graduates fill a need in today’s knowledge-based economy, as shown by the excellent placements of our graduates.
This brochure provides an overview of each master, a class profile and alumni placement. I hope this will inspire you to join one of our master programs. We look forward to receiving your application!
Faculty
Class Profile 2012
Alumni Placement 2012
The academic excellence of the Barcelona GSE rests on the talent, enthusiasm and drive of its world-class faculty, with more than 200 affiliated and guests professors, drawn from leading universities and companies around the world.
Welcome to the Barcelona
Graduate School of Economics
Teresa Garcia-Milà Director of the Barcelona GSE
Prof. Ada Ferrer-i-Carbonell
Deputy Director for Academic Programs Economics/Finance 64% Mathematics/Engineering 14% Natural Sciences 9% Management/Business 7% Social Sciences/Law 6%
Note: 78% of the Class of 2012 reporting were placed Academic Background 0 20 40 60 80 100 5 or more 4-5 3-4 2-3 1-2 0-1 0 11 22 13 19 50 43 87 # of years # of students
Years of Work Experience Prior to Entering the Master Program
Geographic Origin of Students by Region
59%
12%
6% 8%15%
64% 6% 7% 9% 14% 62% Professional 38% Academic After Graduation 38% 62%46% Europe (not Spain) 26% Spain
12% North America
9% Central and South America 7% Asia, Africa and Oceania Location of Placement
46% 7% 9%12% 26%
32% Banking and Financial Services 17% Consulting
11% Authorities and Government Agencies 10% International Organizations 12% Research Institutions 18% Other Placement by Category 32% 17% 11% 10% 12% 18%
ECONOMICS AND FINANCE
Skills Acquired
· Thorough understanding of the theory and practice of priceformation in financial markets, with applications to equity valuation as well as to the determination of the term structure of interest rates and contingent claim pricing.
· Ability to analyze the problems of managing banks and other financial institutions using Economic Theory.
· Ability to price and hedge derivatives and complex financial instruments in a dynamic setting applying the tools of Mathematical Finance.
· Ability to apply Econometric Analysis to implement asset pricing models and to measure and manage financial risks.
Faculty Include:
Director: Javier Gil-Bazo, UPF and Barcelona GSE
Scientific Director: Xavier Freixas, UPF and Barcelona GSE
Sebastián del Baño Head of FX LM Quant Research, Citigroup Andrea Caggese UPF and Barcelona GSE
Jon Danielsson London School of Economics
Student Profile
· Graduates in business, economics, mathematics, physics and engineering with a strong interest in quantitative finance or banking.
· Junior researchers and policy makers at central banks or supervisory authorities.
· Aspiring PhD students looking for a rigorous master program in finance.
Degree
Master Degree in Economics and Finance awarded by UPF
Career Outlook
Doctoral Study:
A number of students use the Finance Program as preparation for entry into competitive PhD programs in Europe and the United States.
Potential Employers
· Banks, investment banks and central banks
· Asset management firms
· Risk management and finance departments of both financial and non-financial firms
· Financial consulting firms
Skills Acquired
· Solid command of quantitative economics.
· Expertise in a wide range of specializations in different fields of economics.
· Competence in both theoretical and empirical
approaches, from foundation to applications and policy.
· Solid preparation for work in research centers, consultancy firms, corporations or government agencies.
· Competence to command the tools and knowledge necessary to successfully pursue a top PhD in economics.
Faculty Include:
Director: Marta Reynal, UPF and Barcelona GSE
Jordi Galí CREI-UPF and Barcelona GSE Massimo Motta UPF and Barcelona GSE Xavier Sala-i-Martín Columbia University and UPF Jaume Ventura CREI-UPF and Barcelona GSE
Student Profile
· Graduates in economics, mathematics or engineering.
· Aspiring PhD students looking for a rigorous master program in economics.
· Junior economic analysts looking for a postgraduate degree with advanced tools in quantitative economics.
Degree
Master Degree in Economics and Finance awarded by UPF
Career Outlook
Doctoral Study:
A number of students use the Economics Program as preparation for entry into competitive PhD programs in Europe and the United States.
Potential Employers
· Authorities and government agencies
· International organizations
· Research institutions
· Banking industry
· Economic consulting firms
Tobias Neumann ‘11 Analyst Prudential Policy Division Bank of England Daniel-Oliver Garcia-Macia ‘11 PhD student Stanford University
Recent Alumni Placements · Oxera
· Zurich Cantonal Bank
· La Caixa
· Swiss Finance Institute - PhD
· Universitat Pompeu Fabra - PhD
Recent Alumni Placements · Stanford University - PhD
· New York University - PhD
· London School of Economics - PhD
· University of Mannheim - PhD
· Bundesbank
· Swiss National Bank
www.barcelonagse.eu/masters
FINANCE ECONOMICS
Skills Acquired
· Economic theory, especially in the areas of microeconomics, industrial economics, information economics, game theory and strategic behavior.
· Mastery of fundamentals of competition law and its sources.
· Understand theory and models of regulation and in particular the basic regulatory framework of the main industrial sectors.
· Present cases in public, developing specific skills for discussion and arguments from different points of view.
· Write technical reports based on the combination of real data analysis, analysis of relevant economic literature and its own criteria.
· Be able to formalize theory in discussions on competition policy using game theory or economic theory models.
Faculty Include:
Director: Juan José Ganusa, UPF and Barcelona GSE Scientific Director: Massimo Motta, UPF and Barcelona GSE
Carles Esteve-Mosso European Commission DG Competition Massimo Motta ICREA-UPF and Barcelona GSE Jorge Padilla Head of Compass Lexecon Europe
Student Profile
· Graduates in economics, business and engineering with a strong interest in microeconomics and the functions of markets and organizations in a variety of industries.
· Junior consultants seeking in-depth training in competition and market regulation policies.
· Researchers at antitrust authorities looking for advanced techniques and tools.
Degree
Master Degree in Specialized Economic Analysis awarded by UPF and UAB
Career Outlook
Potential Employers
· International economic consultancies
· Competition authorities · Research institutes · International corporations Borbála Szathmáry ‘11 Economic Advisor Office of Fair Trading (UK)
Recent Alumni Placements · KPMG
· RBB Economics
· European Commission - DG Competition
· Office of Fair Trading
· Bulgarian Competition Authority COMPEtItION AND MARkEt REGulAtION
SPECIAlIZED ECONOMIC ANAlYSIS
Skills Acquired
· Health technology evaluation and a critical appraisal of current methods.
· Identify and integrate ethical issues in health technology evaluation as well as in health policy.
· Policy-oriented decision-making, both in the short run (e.g., pricing, reimbursement of pharmaceutical drugs) and in the long run (e.g., R&D incentives).
· Compare and assess the performance of different health systems.
Faculty Include:
Director: Pau Olivella, UAB and Barcelona GSE
Scientific Director: Guillem López-Casanovas, UPF and Barcelona GSE
Michael Greenacre UPF and Barcelona GSE
Pere Ibern UPF
Xavier Martínez-Giralt UAB and Barcelona GSE
Student Profile
· Graduates in economics, business administration, engineering.
· Junior scientists and consultants with some background in economics looking for advanced tools in health technology evaluation and health policy.
· Aspiring PhD students looking for a rigorous master program in health economics.
Degree
Master Degree in Specialized Economic Analysis awarded by UPF and UAB
Career Outlook
Potential Employers
· Health policy and pricing divisions in pharmaceutical companies
· Health technology evaluation agencies
· Consulting firms for the health industry
· Health authorities
Skills Acquired
· A rigorous understanding of economic theory behind the design and evaluation of public policies.
· Ability to apply state-of-the-art empirical tools to evaluate public policies.
· An understanding of institutional frameworks in which public policies are designed and implemented.
· Ability to write technical and non-technical reports on public policy.
Faculty Include:
Director: Nezih Guner, ICREA-UAB and Barcelona GSE
Caterina Calsamiglia UAB and Barcelona GSE Joan M. Esteban IAE and Barcelona GSE Gabrielle Fack UPF and Barcelona GSE Ramon Marimon UPF-EUI and Barcelona GSE
Student Profile
· Graduates from business administration, economics and other social sciences (demography, political sciences, sociology) with a quantitative background.
· Professionals from governmental and nongovernmental institutions who want to upgrade their skills.
· Aspiring PhD students who want to build a solid foundation.
Degree
Master Degree in Specialized Economic Analysis awarded by UPF and UAB
Career Outlook
Potential Employers · Public Institutions
· Non-government Organizations (NGOs)
· International Organizations
· Consulting Firms
2012-13 is the first edition of this program. Placement information will be available in Autumn 2013.
www.barcelonagse.eu/masters
HEAltH ECONOMICS AND POlICY ECONOMICS OF PuBlIC POlICY
David Lugo ‘12
PhD Student Faculty of Public Health and Policy London School of Hygiene and Tropical Medicine (LSHTM) (UK)
Recent Alumni Placements
· Shangai Centennial Scientific Consulting
· University of Birmingham - Health Economics Unit
· Universitat Pompeu Fabra - PhD
· Universidad Complutense de Madrid - PhD
MACROECONOMIC POlICY AND FINANCIAl MARkEtS INtERNAtIONAl tRADE, FINANCE AND DEVElOPMENt
Skills Acquired
· Gain a deep understanding of the economics of international trade, finance, and development.
· How to apply economic concepts to pressing policy issues, especially those related to growth, economic stability, and poverty.
· Rigorous training in basic and advanced econometrics and statistics, with a view to analyzing data both in cross-sections and time-series.
· Personalized coaching in how to present, both orally and in writing, cutting-edge research and policy recommendations.
Faculty Include:
Director:Antonio Ciccone, ICREA-UPF and Barcelona GSE
Jaume Ventura CREI-UPF and Barcelona GSE Joachim Voth ICREA-UPF and Barcelona GSE
Student Profile
· Graduates from all fields with a strong quantitative background (e.g. economics, business, engineering, mathematics, physics).
· Junior professionals from private firms, research centers, central banks, financial institutions, the civil service, and NGOs.
· Aspiring PhD students looking for a solid foundation
in the theory and econometrics of international trade, finance, and development.
Degree
Master Degree in Specialized Economic Analysis awarded by UPF and UAB
Career Outlook
Potential Employers
· Authorities and Government Agencies
· International Organizations
· Research Institutions and Consulting Firms
· Financial Industry
· NGOs
Skills Acquired
· Gain a deep understanding of the economics of international trade, finance, and development.
· Econometric techniques required for a state-of-the-art applied analysis.
· Numerical methods and simulation techniques useful in quantitative macroeconomics and in policy design and evaluation.
· Ability to write technical and executive reports and the skills to publicly communicate and discuss research work .
Faculty Include:
Director: Francesc Obiols, UAB and Barcelona GSE
Scientific Director: Albert Marcet, IAE and Barcelona GSE
Nezih Guner ICREA-UAB and Barcelona GSE Jordi Galí IAE and Barcelona GSE Christopher Telmer Carnegie Mellon University,
Federal Reserve Bank of Cleveland
Student Profile
· Graduates in economics, business administration, and engineering.
· Junior practitioners in central banks and public institutions seeking an improvement in their skills and an upgrade of their professional profile.
· Prospective PhD students looking for a solid master program in economics.
Degree
Master Degree in Specialized Economic Analysis awarded by UPF and UAB
Career Outlook
Potential Employers
· Research departments in financial institutions
· International institutions and government agencies
· Financial operators in the private sector
· Central banks and investment banks
Carlos Alberto de Sousa ‘12 Research Assistant Bruegel (Belgium) Samuel Chapman ‘12 Research Analyst Federal Reserve Bank of Cleveland (US)
Recent Alumni Placements · Inter-American Development Bank
· World Bank
· Innovations for Poverty Action (IPA)
· The German Institute for Economic Research (DIW Berlin)
· Stanford University - PhD
Recent Alumni Placements · European Central Bank
· Bruegel
· Organization for Economic Co-operation and Development (OECD)
· Banc Sabadell
Degree
The Barcelona GSE offers seven programs leading to two master degrees: the Master Degree in Economics and Finance awarded by UPF; and the Master Degree in Specialized Economic Analysis jointly awarded by UPF and UAB.
Programs Details and Structure
Language of instruction: EnglishStructure: 9 months (3 trimesters), full time Calendar: September through June Credits: 60 ECTS
Admissions
Admissions requirements
· Undergraduate / bachelor’s degree or the equivalent from an accredited college or university
· English language proficiency
· Optional (but strongly encouraged): GRE / GMAT quantitative section
Application and supporting documents:
· Completed online application form
· Academic transcripts
· Diploma or other proof of previous degree completion
· Curriculum vitae
· Statement of purpose
· Proof of English language knowledge
· Two letters of reference
Sponsors giving financial support
Campuses
The Barcelona GSE has two campuses: the Ciutadella campus in the heart of Barcelona, and the Bellaterra campus, located an easy half-hour train ride from the city center.
CIUTADELLA CAMPUS
The campus is within walking distance ot both the beach and the city’s financial, cultural and governmental centers. The following programs take place at the Ciutadella Campus:
· Competition and Market Regulation
· Economics
· Economics of Public Policy (courses at both campuses)
· Finance
· Health Economics and Policy (1st and 3rd terms)
· lnternational Trade, Finance, and Development
BELLATERRA CAMPUS
Its infrastructure, created exclusively for university life, offers academic, cultural and social activities and all of the services students need in their day-to-day lives.
The following programs take place at the Bellaterra Campus:
· Economics of Public Policy (courses at both campuses)
· Health Economics and Policy (2nd term)
The BARCELONA GRADUATE SCHOOL OF ECONOMICS is
an Interuniversity Research Institute devoted to excellence in
research and graduate education in economics and the social
sciences.
It was founded in July 2006 by a partnership of private and
public institutions including four academic institutions (Universitat
Pompeu Fabra, Universitat Autònoma de Barcelona, CSIC and
CREI) whose reputations, faculty, and resources underpin the
School.
The Barcelona GSE promotes excellence in scientific research
in close collaboration with its four founding academic bodies.
The school’s faculty includes a number of researchers at the
forefront of the European economic research community.
The school aims to offer a wide range of professionally and
academically-orientated degrees in economics to graduate
students committed to understanding the complex economic
and financial processes of an increasingly global society.
www.barcelonagse.eu/masters
Contact us:
BARCELONA GRADUATE SCHOOL
OF ECONOMICS
Ramon Trias Fargas, 25-27
08005 Barcelona, Catalonia - Spain
Tel. +34 93 542 1222
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